Explain why provisions are difficult to audit by control testing.

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Auditing A Practical Approach

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Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton

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Question Posted: Sep 23, 2023 06:42 AM

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Explain why provisions are difficult to audit by control testing.

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Provisions in financial accounting are challenging to audit through control testing primarily due to their nature and inherent uncertainties Provisions involve estimates and judgments about future eve...View the full answer

Auditing A Practical Approach

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